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Bitcoin News Roundup for July 9, 2020
With bitcoin headed back up and Brazil's real hitting new lows, CoinDesk's Markets Daily is back!
Updated Sep 14, 2021, 9:29 a.m. Published Jul 9, 2020, 4:08 p.m.
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With bitcoin headed back up and Brazil's real hitting new lows, CoinDesk's Markets Daily is back with another news roundup.
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This episode is sponsored by Bitstamp and Crypto.com.
Today's stories:
Bitcoin Option Traders Bet on Bullish Move Following Volatility Squeeze
While bitcoin's range play continues, options traders look to be betting on a big move to the higher side soon.
Only 23% of Hodlers Have a Crypto Estate Plan: Survey
The late Gerald Cotten wasn't the only investor who failed to make a plan for his crypto, according to a survey by the Cremation Institute.
Brazil's Ailing Economy Is Helping Dollar-Pegged Stablecoins Find Traction
Brazilian crypto users are increasingly turning to USD-pegged stablecoins as the country's real sinks to record lows against the dollar.
Get Off the Cloud With Start9's Private Internet Kit
Start9 Labs’ Embassy server sets up its own private internet network and comes with its own operating system. We tried it.
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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How a 'perpetual’ stock trick could solve Michael Saylor’s $8 billion debt problem
The bitcoin treasury firm is using perpetual preferreds to retire convertibles, offering a potential framework for managing long-dated leverage.
What to know:
- Strive upsized its SATA follow on offering beyond $150 million, pricing the perpetual preferred at $90.
- The structure offers a blueprint for replacing fixed maturity convertibles with perpetual equity capital that removes refinancing risk.
- Strategy has a $3 billion convertible tranche due in June 2028 with a $672.40 conversion price, which could be addressed using a similar preferred equity approach.
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